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Saturday, September 11, 2010

Bank Failure Friday: FDIC Closes Horizon Bank, Bradenton, FL

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Horizon Bank


Bank Failure Friday: FDIC Closes Horizon Bank, Bradenton, FL

The 2010 USA bank failures increased to 119 with the closure of Horizon Bank in Florida. The FDIC Failed Bank Information stated, "On Friday, September 10, 2010, Horizon Bank, Bradenton, FL was closed by the Florida Office of Financial Regulation and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed. All deposit accounts, excluding brokered deposits, have been transferred to Bank of the Ozarks, Little Rock, AR and will be available immediately. The former Horizon Bank locations will reopen as branches of Bank of the Ozarks during regular business hours."

The next FDIC bank closings, if any, will be mostly likely be announced on Friday, September 17.


Related Articles and Links
Failed Bank Information: Information for Horizon Bank, Bradenton, FL FDIC
Bank of the Ozarks, Little Rock, Arkansas, Assumes All of the Deposits of Horizon Bank, Bradenton, Florida FDIC
FDIC (FDIC.gov)


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